Free Cash Machines Could Vanish as UK Marches Toward Digital Payments
• Britain will lose 23,000 free cash machines in less than 10 years as digital payments become more popular • Cash use will soon be as rare as checks, making up less than 1% of payments • The number of free ATMs will fall from 38,000 now to 15,000 in a few years as banks remove duplicate machines • Running the UK's ATM network costs around £420 million per year, paid for by banks • By 2030 cash may make up just 1 in 20 payments compared to 1 in 10 currently, as consumers and businesses shift to digital